Question: When moving from one bundle inside the production possibilities frontier to another bundle on the production possibilities frontier, the economy--------.

When moving from one bundle inside the production possibilities frontier to another bundle on the production possibilities frontier, the economy--------.

Step by Step Solution

★★★★★

3.48 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

A PPF represents combination of two goods that the economy can produce using existin... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

The Production Possibilities Frontier shows a combination of Capital and Consumption goods. If the combination shows that production of Capital Goods is bigger than that of Consumption Goods: What...

The Production Possibilities Frontier can illustrate two kinds of efficiency. These are: a). Creative and Allocative Efficiency b). Productive and Allocative Efficiency c). Dynamic and Allocative...

What condition must hold for the production possibilities frontier to be bowed outward (concave downward)? To be a straight line?

Fine Finishing, Inc., produces a wood desk that sells for $500 and a wood table that sells for $900. Last year, total overhead costs of $6,000,000 were allocated based on direct labor costs. Direct...

Hong United Statement Canada Guatemala Kong Korea Niger Kingdom This economy had the highest level of real income per person in the year 2010 This economy experienced the fastest rate of growth in...

4. The market for loanable funds and government policy The following graph shows the loanable funds market. For each of the given scenarios, adjust the appropriate curve on the graph to help you...

3. Total, average, and marginal physical product Underground Sandwiches, a sandwich shop, has the following marginal physical product curve (labeled MPP) for ii: hourly production. Note: Marginal...

Chapter 2 Assignment Economics Name: PPC - what you are giving, Combination Fruit Candy A 1500 0 B 1350 100 C 1100 175 800 225 E 450 F 350 0 500 Use the table to answer questions 1 and 2. 1. What is...

4. Marginal analysis and profit maximization Suppose Kate gives haircuts on Saturdays to make extra money. She is the only person in town cutting hair on Saturdays, so she has some market power....

Which of the decisions below is not ordinary found as part of the revenue cycle ? What Credit terms should be offered ? How often should accounts receivable be subjected to audit ? How can customer...

Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $249,000 but expects the standard deviation in net daily cash flows to be $12,400, the effective annual rate on...

Bill Gate Company incurred costs for materials and conversion in the amount of P 45,000 and P 4,860 respectively. As of the same date, the work in process inventory in units of P 6,000 is 40%...

Budget cash receipts for the months of January, February, and March. Budgeted sales, all on account: November $ 65,000 December January February March 60,000 82,000 70,000 90,000 Collection of...

Given the following encoding rule for each letter: n 010 110 k 101 Suppose Alice want to encrypt and send "ok" (110 101)_to Bob using a one-time pad 101 111, so Bob will get the ciphertext as 011...

1.The standard price per unit is; Material 6 kg @Rp750; Labor 10 Hours @Rp480; BOP on the basis of 70% of Working Hours with a rate per working hour @Rp250 for variable BOP and fixed BOP budgeted is...

Developer Company is constructing a 2-Tower residential condominium. Tower 1 sells 20 units while tower 2 sells 30 units. Both towers will share in the common amenities and occupy the same land area....

7) A chart of accounts does NOT include a) assets c) owners equity b) liabilities d) names of customers 8) The accounts in the chart of accounts are arranged in? a) alphabetical order c) date order...

If |62x|>9, which of the following is a possible value of x? A. 2 B. 1 C. 0 D. 4 E. 7

Multiple Choice Questions 1. The key feature of an oligopolistic market is that a. Each firm produces a different product from other firms. b. A single firm chooses a point on the market demand...

Multiple Choice Questions 1. Because Elaine has a family history of significant medical problems, she buys health insurance, whereas her friend Jerry, who has a healthier family, goes without. This...

Multiple Choice Questions 1. A perfectly competitive firm a. Chooses its price to maximize profits. b. Sets its price to undercut other firms selling similar products. c. Takes its price as given by...

A $5000, 5.75% coupon bond has 16 years remaining until maturity. Calculate the bond discount if the required return in the bond market is 6.5% compounded semiannually.

Bond C and Bond D both have a face value of $1000, and each carries a 4.2% coupon. Bond C matures in 3 years and Bond B matures in 23 years. If the prevailing required rate of return in the bond...

Refer to the Why Divide by n - 1 applet. The first applet on the page randomly selects sample of n = 3 from a population in which the standard deviation is = 29.2. a. A sample consisting of n = 3...